Question

You will need to revise your budget to account for a car payment. Which expense category would be the most difficult to change or reduce? entertainment rent savings groceries.

Answer 1

The expense category that would be most difficult to change or reduce in a budget is the rent.

What is the budget?

A budget is a statement that shows the estimates regarding the income and expenditure of an individual or business for a specific period. A budget helps to allocate the resources between necessities and wants.

The expense that will be most difficult to revise is the rent expense. Rent is the fixed charge incurred for using a property. If one needs to revise our rent expense, we need to shift to a property with lower rent.

The entertainment, savings, and groceries can be easily revised by lowering down the expenses on the same.

Therefore the correct option is b.

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